A missing form or overlooked disclosure can derail compliance. Does your loan file catch every detail? Many regulations govern consumer loan compliance. What exactly should you be looking for? What documents need to be in the files and what are the important things to verify on each? In this jam-packed session, we will discuss how to avoid mistakes when preparing consumer loan documentation through a detailed examination of consumer loan checklists, including automobile loans and HELOCs. We will work chronologically through each checklist addressing the compliance regulations that impact each stage of the consumer loan process from application to closing. We will discuss best practices for avoiding Truth-in-Lending, Fair Lending, and UDAAP violations.
KEY WEBINAR TAKEAWAYS
- Required information to be gathered at application, including GMI and HMDA data
- Review of the Fair Credit Reporting Act requirements
- Determining collateral value
- E-SIGN requirements for documenting consumer consent of electronic disclosure delivery
- Using the provided checklists to verify loan file documentation
BONUS MATERIALS
- Consumer loan documentation checklist
- HELOC documentation checklist
WHO SHOULD ATTEND?